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Orion, MI, January 4, 2007–Cobasys, a leading
supplier of advanced integrated energy storage solutions,
today announced they have been awarded a contract to
develop and test lithium-ion battery system technology
for the General Motors plug-in hybrid electric vehicle
(PHEV) program. Cobasys will be working with its partner,
A123Systems, to provide complete battery systems featuring
A123Systems’ proprietary nanophosphate technology.
Cobasys has been selected as the Tier 1 supplier to
integrate lithium-ion technology for the next generation
of battery systems because of their proven expertise
in providing complete “plug-and-play” energy
storage system solutions for today’s hybrid electric
vehicles (HEVs). The company has built a reputation
for offering reliability, high performance, safety and
long-life in a package ideally suited for transportation
applications. Cobasys’ battery system technology
is supporting the automotive industry’s commitment
to improve fuel-economy and reduce vehicle emissions.
“We are very pleased to have been selected for
this ground-breaking program and to further expand our
relationship with General Motors. The demand for hybrid
technology is steadily growing and gaining widespread
acceptance in the market. This is our third announced
program with General Motors and we will work to continue
our leadership role in the advanced energy storage system
industry by leveraging our technological strength and
innovation,” stated Thomas S. Neslage, Cobasys
President and CEO.
The Cobasys lithium-ion battery system will consist
of a “plug-and-play” fully integrated solution
complete with battery modules, system design, packaging,
thermal management, battery management electronics and
control algorithms to make it work seamlessly with the
vehicle.
Cobasys designs, manufactures and integrates advanced
battery system solutions featuring for transportation
markets, including Hybrid Electric Vehicles (HEV), Electric
Vehicles (EV) and 36/42 Volt applications and to stationary
markets, including Back-Up power supply systems for
Uninterruptible Power Supply (UPS), Telecom and Distributed
Generation markets.
Cobasys is a joint venture between Chevron Technology
Ventures LLC, a subsidiary of Chevron Corporation (NYSE:
CVX) and Energy Conversion Devices, Inc. (NASDAQ: ENER).
Cobasys is a joint venture between Chevron Technology
Ventures LLC, a subsidiary of Chevron Corporation (NYSE:
CVX) and Energy Conversion Devices, Inc. (NASDAQ: ENER).
For more information about Cobasys, contact Ray Wagner
at 248-620-5700 or visit our website at http://www.cobasys.com.
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